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#1inch/usdt is retesting broken s/r zone on the weekly chart💁♂️
Full send on bounce🐃
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The EU delisting deadline for USDT is approaching in 3 days. Binance and Cryptodotcom are two major exchanges that get the highest volume from the EU. A USDT sell-off is somewhat visible on-chain. USDT has lost its peg by 0.29%, and its market cap has decreased by 0.88% over the past 7 days. However, FDUSD's market cap has increased by 31.5%, so there’s a good chance that people are simply swapping USDT for FDUSD on Binance. On Cryptodotcom, a 15% drop in USDT holdings has been observed over the past 7 days. Binance has seen around a 2% drop in USDT supply. There is no need to fear. Treat dips as buying opportunities if you get them.
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